Stage Stores Reports Comparable Store Sales Increase of 6.5% for October and 8.1% for the Third Quar

Before you go, we thought you'd like these...
Before you go close icon

Stage Stores Reports Comparable Store Sales Increase of 6.5% for October and 8.1% for the Third Quarter

HOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYS: SSI) today reported that total sales for the four week October period ended October 27, 2012 increased 9.8% to $113 million from $102 million in the prior year four week October period ended October 29, 2011. Comparable store sales for the October period increased 6.5%.

For the month, cosmetics, home & gifts, junior sportswear, men's and misses sportswear posted comparable store sales gains that exceeded the Company average. Geographically, all regions of the country achieved a comparable store sales increase, with the Midwest, Northeast, South Central and Southwest regions outperforming.


For the third quarter, the Company reported that total sales increased 11.1% to $371 million from $333 million last year. Comparable store sales for the quarter increased 8.1%. For the first nine months of the fiscal year, total sales grew 8.2% to $1,118 million and comparable store sales increased 5.3%.

       

SALES SUMMARY

 
 

 

    

Comparable Store Sales

    

Total Sales

% Increase (Decrease)

($ in Millions)

Fiscal Period2012    20112012    2011
1st Quarter2.50.2366347
2nd Quarter5.40.9381353
August6.5(1.7)124113
September11.1(0.7)134118
October6.50.8113102
3rd Quarter8.1(0.6)371333
Year-To-Date (9 Mos)5.30.21,1181,033
 

Michael Glazer, President and Chief Executive Officer, commented, "October was another strong month for our company and provides us with nice momentum as we enter the critical fourth quarter. We feel we are well positioned for the important holiday shopping period with a solid combination of desirable merchandise assortments, a compelling promotional calendar and exciting store events."

Store Closures Related to Hurricane Sandy

The Company also provided store closure information related to Hurricane Sandy. A total of 54 stores across 10 states were closed as a result of the storm. As of this morning, 49 of the 54 stores have reopened. The Company noted that the 54 stores that were closed account for approximately 7% of annual sales.

Store Activity

The Company opened nine new stores during October. Goody's stores were opened in Marianna, FL, Pell City, AL and Morganfield, KY; Peebles stores were opened in Taneytown, MD and Brockport, NY; a Bealls store was opened in Mountain Home, ID; and Steele's stores were opened in Houma, LA and Uvalde and Mount Pleasant, TX.

Reporting of Third Quarter Results

The Company plans to report its third quarter results before the market opens on Thursday, November 15, 2012, and to hold a conference call and webcast the same day beginning at 8:30 a.m. Eastern Time.

About Stage Stores

Stage Stores, Inc. operates primarily in small and mid-sized towns and communities. Its stores, which operate under the Bealls, Goody's, Palais Royal, Peebles, Stage and Steele's names, offer moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family. The Company operates 851 stores in 40 states. The Company also has an eCommerce website. For more information about Stage Stores, visit the Company's web site at www.stagestoresinc.com.



Stage Stores, Inc.
Bob Aronson, 800-579-2302
Vice President, Investor Relations
baronson@stagestores.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Stage Stores Reports Comparable Store Sales Increase of 6.5% for October and 8.1% for the Third Quarter originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners